Course Delivery

Assessment

Assessment Type

Assessment length / details

Proportion

Semester Exam

2 Hours

100%

Supplementary Exam

2 Hours

100%

Learning Outcomes

On successful completion of the module students will understand the main determinants of macroeconomic (aggregate) economic activity, its principal measures and how it changes over time. Students will also develop an understanding of the courses of inflation and unemployment. They will also have analysed the composition of the main macroeconomic aggregates and how they are measured - consumption, saving, foreign economic activity, government spending. They will also gain an appreciation of how taxation and monetary policy can influence economic activity and the nature and causes of unemployment and inflation. They will also be able to relate the impact of changes in macroeconomic activity on the business sector.

Aims

To introduce students to the principles underlying economics, using illustrations from the study of the overall economy.

Brief description

This module introduces students to the fundamental principles underlying macroeconomics providing key analytical concepts for students of business, management, and other degree schemes in which an appreciation of economic perspectives is valuable.

Content

What is Macroeconomics?
The Determinants of Macroeconomic Activity
Measuring Economic Activity
Inflation, Deflation and Unemployment
Personal Consumption
The Monetary System
Government and the Economy
The International Economy and the Domestic Economy